https://www.scmp.com/rss/37174/feed Hutchison Whampoa is controlled by the Cheung Kong Group, and headed by Li Ka-shing, Asia’s wealthiest man, who has been nicknamed “Superman” because of his investment prowess. Its operations include ports, with property and hotels, retailing telecommunications (Hutchison Telecommunications International) and infrastructure (Cheung Kong Infrastructure). en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com SCMP SCMP This article was first published on April 3, 1986. By Jerry Norton Debut-day is full of contradictions Considering the historic nature of yesterday’s share market trading, a strong rally might have seemed appropriate. Instead, the first session in the new unified stock exchange saw prices finish sharply down from Thursday’s close. But most brokers still described themselves as well satisfied with the performance, despite the Hang Seng index closing the morning-only trading session 22.67 points... https://www.scmp.com/business/article/3348608/hong-kongs-unified-stock-exchange-opens-trading-1986-scmp-archive?utm_source=rss_feed https://www.scmp.com/business/article/3348608/hong-kongs-unified-stock-exchange-opens-trading-1986-scmp-archive?utm_source=rss_feed Thu, 02 Apr 2026 03:30:09 +0000 Zhang Shidong Zhang Shidong BlackRock, the asset manager at the centre of a deal to buy US$23 billion in port assets from Li Ka-shing’s CK Hutchison Holdings, has about US$15.5 billion invested in Hong Kong and mainland-listed stocks through its China-focused funds, with its portfolios concentrated on technology and financial companies. According to its website, the world’s largest money manager has at least seven funds dedicated to Chinese stocks; five are passive exchange-traded funds (ETFs) and two are actively managed.... https://www.scmp.com/business/china-business/article/3304608/blackrock-centre-panama-ports-deal-has-nearly-us16-billion-chinese-stocks?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3304608/blackrock-centre-panama-ports-deal-has-nearly-us16-billion-chinese-stocks?utm_source=rss_feed Mon, 31 Mar 2025 23:30:09 +0000 SCMP Reporter SCMP Reporter CK Hutchison Holdings, Hong Kong’s largest conglomerate, has acknowledged that it is in talks to spin off its worldwide telecommunications business, in move that could throw another bone of contention into its controversial disposal of its global ports network. The flagship company of Hong Kong tycoon Li Ka-shing owns and operates cellular telecommunications and fixed telephony networks in more than 10 global markets. It operates networks under the Three brand in the UK, Austria, Denmark,... https://www.scmp.com/business/banking-finance/article/3304507/hutchison-says-it-evaluating-potential-spin-its-worldwide-telecoms-business?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3304507/hutchison-says-it-evaluating-potential-spin-its-worldwide-telecoms-business?utm_source=rss_feed Mon, 31 Mar 2025 00:04:57 +0000 Lam Ka-sing Lam Ka-sing A sale by Hong Kong-based CK Hutchison of its overseas ports, including two in Panama, to a BlackRock consortium continues to stir debate as to its eventual outcome. China has expressed unhappiness, suggesting the deal would hurt national interest, while CK Hutchison has said the transaction is purely commercial. In a two-part special, we speak to insiders on how the trifecta of geopolitics, the domestic politics of Panama and changes in the port business influenced CK Hutchison. This second... https://www.scmp.com/news/hong-kong/politics/article/3303690/hutchisons-panama-ports-exit-inevitable-game-has-changed-analysts-say?utm_source=rss_feed https://www.scmp.com/news/hong-kong/politics/article/3303690/hutchisons-panama-ports-exit-inevitable-game-has-changed-analysts-say?utm_source=rss_feed Mon, 24 Mar 2025 23:30:18 +0000 Lam Ka-sing,Igor Patrick Lam Ka-sing,Igor Patrick A sale by Hong Kong-based CK Hutchison of its overseas ports, including two in Panama, to a BlackRock consortium continues to stir debate as to its eventual outcome. China has expressed unhappiness, suggesting the deal would hurt national interest, while CK Hutchison has said the transaction is purely commercial. In a two-part special, we speak to insiders on how the trifecta of geopolitics, the domestic politics of Panama and changes in the port business influenced CK Hutchison. This first part... https://www.scmp.com/news/hong-kong/politics/article/3303670/devil-details-hutchison-blackrock-panama-ports-deal?utm_source=rss_feed https://www.scmp.com/news/hong-kong/politics/article/3303670/devil-details-hutchison-blackrock-panama-ports-deal?utm_source=rss_feed Mon, 24 Mar 2025 13:00:18 +0000 As criticisms mount on CK Hutchison’s surprise decision to sell all of its port stakes including 90 per cent of its Panama Ports to a consortium that includes US money manager BlackRock, the Hong Kong conglomerate is leaving observers guessing about the fate of the US$23 billion deal. This week brought a fresh round of denunciations, with Foreign Ministry spokeswoman Mao Ning saying on Tuesday that Beijing firmly opposed “economic coercion and bullying” without elaborating if authorities were... https://www.scmp.com/plus/article/3303273/pile-hutchison-global-ceos-china-development-forum-and-more?utm_source=rss_feed https://www.scmp.com/plus/article/3303273/pile-hutchison-global-ceos-china-development-forum-and-more?utm_source=rss_feed Fri, 21 Mar 2025 09:00:27 +0000 Cannix Yau,Willa Wu,Kahon Chan Cannix Yau,Willa Wu,Kahon Chan President-elect Donald Trump’s threat to retake the Panama Canal to safeguard US national security has raised questions about the possible impact on Hong Kong and mainland Chinese companies operating there. CK Hutchison Holdings, founded by Hong Kong tycoon Li Ka-shing, is a major player as its subsidiary, Hutchison Ports PPC, has operated two ports at either end of the canal since 1997. Like other Chinese firms with projects there, it would be severely affected if Trump went ahead with his... https://www.scmp.com/news/hong-kong/politics/article/3294457/trump-wants-panama-canal-just-empty-talk-or-real-threat-hong-kong?utm_source=rss_feed https://www.scmp.com/news/hong-kong/politics/article/3294457/trump-wants-panama-canal-just-empty-talk-or-real-threat-hong-kong?utm_source=rss_feed Mon, 13 Jan 2025 00:30:16 +0000 CK Hutchison Holdings, the flagship conglomerate controlled by Hong Kong’s business tycoon Li Ka-shing, has announced that it is swapping out its co-managing directors as Victor Li Tzar-kuoi and Canning Fok Kin-ning step aside but keep other critical roles within the firm. The new arrangement is a prelude to Fok’s withdrawal from the front line, and may also mean that there could be some business reshuffling among the entire Cheung Kong Group, according to analysts. Li will stay on as chairman... https://www.scmp.com/business/companies/article/3256465/ck-hutchinsons-victor-li-and-canning-fok-step-aside-managing-directors-after-drop-profits-2023?utm_source=rss_feed https://www.scmp.com/business/companies/article/3256465/ck-hutchinsons-victor-li-and-canning-fok-step-aside-managing-directors-after-drop-profits-2023?utm_source=rss_feed Sat, 23 Mar 2024 05:24:34 +0000 SCMP Reporters SCMP Reporters When the Australian-Chinese activist Tse Tsan-tai and the British journalist Alfred Cunningham published the first print run of the South China Morning Post in November 1903, Hong Kong was already a bustling entrepot teeming with a vibrant business community that served foreign merchants in their commercial activities. At least a dozen of those companies that preceded the birth year of the Post remain to this day. AS Watson, 1828 The company traces its roots to 1828 as the Canton Dispensary and... https://www.scmp.com/business/companies/article/3240188/watson-hsbc-and-star-ferry-many-hong-kongs-oldest-businesses-predated-post?utm_source=rss_feed https://www.scmp.com/business/companies/article/3240188/watson-hsbc-and-star-ferry-many-hong-kongs-oldest-businesses-predated-post?utm_source=rss_feed Wed, 08 Nov 2023 00:15:13 +0000 Chinese state-owned conglomerates China Merchants Group and China Cosco Shipping are among the firms expressing interest in PSA International’s minority stake in the ports business of Hong Kong’s CK Hutchison Holdings, according to people familiar with the matter. PSA is seeking about US$4 billion for its 20 per cent share of CK Hutchison’s ports assets, the people said, asking not to be identified because the matter is private. PSA, owned by Singaporean state investment firm Temasek Holdings,... https://www.scmp.com/business/companies/article/3213451/singapores-psa-talks-sell-20-cent-hutchisons-ports-chinas-state-giants-sources-say?utm_source=rss_feed https://www.scmp.com/business/companies/article/3213451/singapores-psa-talks-sell-20-cent-hutchisons-ports-chinas-state-giants-sources-say?utm_source=rss_feed Tue, 14 Mar 2023 05:45:14 +0000 CK Hutchison Holdings, the flagship company of Hong Kong’s wealthiest man, plans to turn a waterfront dockyard into the city’s second-largest housing enclave, adding much needed supply to the world’s least affordable major urban centre. Hutchison’s Hongkong United Dockyards Limited (HUD) unit submitted a proposal to the Town Planning Board to erect 15,075 homes on its site and adjacent government land in Tsing Yi. The site, next to the Tsing Ma Bridge, will comprise 10,370 apartments and 4,700... https://www.scmp.com/business/article/3213081/unit-li-ka-shings-hutchison-submits-plan-build-15075-homes-tsing-yi-add-hong-kongs-housing-supply?utm_source=rss_feed https://www.scmp.com/business/article/3213081/unit-li-ka-shings-hutchison-submits-plan-build-15075-homes-tsing-yi-add-hong-kongs-housing-supply?utm_source=rss_feed Fri, 10 Mar 2023 08:30:15 +0000 From Li Ka-shing’s sprawling empire to an office tower bought by James Tien Pei-chun’s Manhattan Garments Group, the whipsawing British pound could draw blood from some of Hong Kong and China’s biggest businesses. The pound’s wild swings – it fell to a 50-year low against the US dollar at one point in recent weeks before recovering somewhat this week– threaten more than £63 billion (US$71 billion) in revenue and tens of billions of dollars in investments for these companies, according to... https://www.scmp.com/business/banking-finance/article/3195967/currency-anxiety-chinese-hong-kong-businesses-sweat?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3195967/currency-anxiety-chinese-hong-kong-businesses-sweat?utm_source=rss_feed Sat, 15 Oct 2022 02:00:11 +0000 A luxury residential project in London from CK Asset Holdings, the flagship property developer of tycoon Li Ka-shing, has drawn the interest of prospective Hong Kong buyers looking to take advantage of the British currency’s recent plunge. Many who attended the first of a two-day weekend exhibition and sales launch in Central were hoping to make the best of sterling’s sharp decline, according to a company spokeswoman. “The response has been overwhelming, many were drawn by the low value of the... https://www.scmp.com/business/article/3195298/ck-assets-london-luxury-project-powerhouse-piques-interest-hong-kong-pound?utm_source=rss_feed https://www.scmp.com/business/article/3195298/ck-assets-london-luxury-project-powerhouse-piques-interest-hong-kong-pound?utm_source=rss_feed Sat, 08 Oct 2022 11:01:07 +0000 Vodafone Group said it’s in discussions with CK Hutchison Holdings about a combination with rival Three UK, the latest attempt to consolidate Britain’s telecoms market. The deal would involve a combination of the two companies’ UK businesses, with Vodafone holding 51 per cent and CK Hutchison owning 49 per cent of the new unit, Vodafone said in a statement on Monday. A combination of Vodafone and Three UK has been speculated for years, and Vodafone has teamed up with CK Hutchison in other... https://www.scmp.com/business/companies/article/3194722/vodafone-confirms-potential-tie-hutchisons-three-uk-telecoms?utm_source=rss_feed https://www.scmp.com/business/companies/article/3194722/vodafone-confirms-potential-tie-hutchisons-three-uk-telecoms?utm_source=rss_feed Mon, 03 Oct 2022 13:29:56 +0000 Li Ka-shing’s two flagship companies reported better- than- expected earnings last year, as asset sales and revaluations on investment properties helped Hong Kong’s wealthiest man beat forecasts even amid the global Covid-19 pandemic. CK Hutchison Holdings, the conglomerate with businesses in everything from consumer products to ports and telecommunications, said its 2021 net profit rose 15 per cent to HK$33.48 billion (US$4.28 billion), beating the consensus estimate of 10 analysts in... https://www.scmp.com/business/companies/article/3170853/li-ka-shings-flagships-post-better-expected-earnings-its-assets?utm_source=rss_feed https://www.scmp.com/business/companies/article/3170853/li-ka-shings-flagships-post-better-expected-earnings-its-assets?utm_source=rss_feed Thu, 17 Mar 2022 11:23:09 +0000 CK Hutchison, a conglomerate controlled by Hong Kong’s richest man Li Ka-shing, has agreed to merge its Indonesian wireless telecommunications business with the local operations of Qatar’s Ooredoo to sharpen their competition against the market leader. The US$6.1 billion transaction will create Indonesia’s second-biggest mobile carrier with combined annual revenue of about US$3 billion in Southeast Asia’s most populous country. It also will create a more formidable rival to PT Telkomsel, the... https://www.scmp.com/business/banking-finance/article/3149098/ck-hutchison-merge-indonesian-wireless-business-ooredoos?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3149098/ck-hutchison-merge-indonesian-wireless-business-ooredoos?utm_source=rss_feed Fri, 17 Sep 2021 04:30:05 +0000 CK Hutchison Holdings and CK Asset Holdings, the two flagship companies of Hong Kong’s richest family, defied naysayers with interim results that beat expectations, as the city’s tentative recovery from its worst recession on record translated to increased spending on everything from groceries to real estate. Hutchison, the conglomerate with businesses ranging from the world’s ninth-largest container port to the A/S Watsons pharmacy chain, reported a 41 per cent jump in first-half net profit to... https://www.scmp.com/business/investor-relations/article/3143966/li-ka-shings-two-flagships-defy-gloom-interim-results?utm_source=rss_feed https://www.scmp.com/business/investor-relations/article/3143966/li-ka-shings-two-flagships-defy-gloom-interim-results?utm_source=rss_feed Thu, 05 Aug 2021 10:30:13 +0000 CK Hutchison Holdings and CK Asset Holdings, the listed flagships of billionaire Li Ka-shing, reported sharply lower annual profits as economic disruptions caused by the coronavirus pandemic took a toll on their retail, ports, hotel and property operations. CK Hutchison, the conglomerate with businesses spanning from container ports, retailing to telecommunications and energy, said net profit fell 27 per cent to HK$29.1 billion (US$3.7 billion) for 2020. It was the first profit decline since... https://www.scmp.com/business/companies/article/3126020/li-ka-shing-flagships-ck-hutchison-and-ck-asset-report-sharply?utm_source=rss_feed https://www.scmp.com/business/companies/article/3126020/li-ka-shing-flagships-ck-hutchison-and-ck-asset-report-sharply?utm_source=rss_feed Thu, 18 Mar 2021 12:30:21 +0000 Hong Kong-based conglomerate CK Hutchison’s ports division has secured a strategic win from the UK’s post-Brexit pivot towards Asia. Two of Hutchinson’s three ports on England’s east coast, in Felixstowe and neighbouring Harwich, were last week named in Chancellor Rishi Sunak’s budget speech among the country’s first eight “free ports”. Free ports are low-tax, low-regulation zones where goods can enter duty-free and leave again without passing UK customs. They are a favourite project for the... https://www.scmp.com/week-asia/economics/article/3124457/how-two-british-ports-owned-hong-kongs-ck-hutchison-will-help?utm_source=rss_feed https://www.scmp.com/week-asia/economics/article/3124457/how-two-british-ports-owned-hong-kongs-ck-hutchison-will-help?utm_source=rss_feed Mon, 08 Mar 2021 08:00:20 +0000 Canning Fok Kin-ning, the right-hand man of tycoon Li Ka-shing, has put two mansions located at the southern tip of Hong Kong Island on the market, taking advantage of resilient prices for high-end real estate to lock in the returns on his investments. Two houses on 64 and 66 Chung Hom Kok Road near Stanley in the island’s Southern district, considered rare assets by sales agents, have received a tentative combined offer of HK$980 million (US$126.4 million), according to people familiar with the... https://www.scmp.com/business/article/3120420/hong-kongs-former-king-employees-canning-fok-receives-hk980-million-bid?utm_source=rss_feed https://www.scmp.com/business/article/3120420/hong-kongs-former-king-employees-canning-fok-receives-hk980-million-bid?utm_source=rss_feed Wed, 03 Feb 2021 23:30:20 +0000 Impossible Foods’ vice-president Nick Halla had the tables turned on him in early 2014 during a pitch of his three-year-old start-up to one of the world’s most powerful venture capital investors. Solina Chau Hoi-shuen, the co-founder of Horizons Ventures, was visiting Impossible Foods’ office in Redwood City in California. As soon as she arrived, Chau took control of the demonstration, and proceeded to stir fry a plate of meat balls made from genetically modified yeast. The show-and-tell... https://www.scmp.com/business/companies/article/3110857/li-ka-shings-bet-future-synthetic-biology-horizons-investments?utm_source=rss_feed https://www.scmp.com/business/companies/article/3110857/li-ka-shings-bet-future-synthetic-biology-horizons-investments?utm_source=rss_feed Sun, 22 Nov 2020 02:18:08 +0000 CK Hutchison is backing an all-stock C$23.6 billion (US$18 billion) merger between its unit Husky Energy and Cenovus Energy as the Canadian oil and gas producers seek to end a trail of losses from a slump in global oil prices. The Hong Kong unit, run by Victor Li Tzar-kuoi, will sell its 40.19 per cent interest in Husky to Cenovus in return for a 15.7 per cent equity stake in the combined entity, according to a joint announcement on late Sunday. Husky shareholders will receive 0.7845 of a... https://www.scmp.com/business/companies/article/3107025/victor-li-pushes-husky-energy-us18-billion-merger-rival-canadian?utm_source=rss_feed https://www.scmp.com/business/companies/article/3107025/victor-li-pushes-husky-energy-us18-billion-merger-rival-canadian?utm_source=rss_feed Sun, 25 Oct 2020 13:46:19 +0000 CK Life Sciences International Holdings, the pharmaceutical unit of one of Hong Kong’s largest conglomerates, said it is introducing test kits to help the city’s hospitals and laboratories speed up their diagnosis of coronavirus infections. The unit of CK Hutchison has the global distribution license of a test kit developed by Singapore’s Agency for Science, Technology and Research and the city state’s Tan Tock Seng Hospital, according to a press statement. The test kit, which can deliver a... https://www.scmp.com/business/companies/article/3077146/ck-life-poised-distribute-test-kits-help-hong-kong-speed?utm_source=rss_feed https://www.scmp.com/business/companies/article/3077146/ck-life-poised-distribute-test-kits-help-hong-kong-speed?utm_source=rss_feed Thu, 26 Mar 2020 11:51:11 +0000 Victor Li Tzar-kuoi, the elder son of Hong Kong's richest man, said the two flagship companies founded by his father nearly seven decades ago are financially adequate to survive and thrive in the city’s worst economic slump in decades. CK Hutchison, which owns businesses from chemists and supermarkets to ports and mobile phone networks, posted a 2 per cent increase in 2019 net profit to HK$39.83 billion (US$5.13 billion). Underlying profit at CK Assets, one of the city’s largest property... https://www.scmp.com/business/companies/article/3075981/all-eyes-are-victor-li-he-steers-cheung-kong-group-through-hong?utm_source=rss_feed https://www.scmp.com/business/companies/article/3075981/all-eyes-are-victor-li-he-steers-cheung-kong-group-through-hong?utm_source=rss_feed Thu, 19 Mar 2020 12:04:39 +0000 Li Ka-shing’s Cheung Kong Infrastructure (CKI) has struck its first significant non-cement investment in mainland China in over a decade, in a rare move by the tycoon – known affectionately as Hong Kong’s ‘Superman’ for his deal making prowess – who in recent years was forced to rebut accusations his family was bailing out from the motherland. CKI, now chaired by Li’s eldest son Victor Li Tzar-kuoi, has signed an agreement to set up a venture with Shenzhen-listed Jilin Power, a unit of State... https://www.scmp.com/business/companies/article/3045069/hong-kongs-superman-makes-comeback-investing-china-cheung-kong?utm_source=rss_feed https://www.scmp.com/business/companies/article/3045069/hong-kongs-superman-makes-comeback-investing-china-cheung-kong?utm_source=rss_feed Tue, 07 Jan 2020 13:26:32 +0000 Super Typhoon Mangkhut, which left Hong Kong with a HK$3.1 billion (US$397 million) insurance bill as it swept past the city in the summer of 2018, could have been even more devastating, if it had hit directly during high tide. According to researchers at China Water Risk (CWR), a Hong Kong-based non-profit initiative, large swathes of the business districts of Tsim Sha Tsui, Central, Wan Chai and Causeway Bay would have been inundated. The initiative used a digital terrain model to show areas... https://www.scmp.com/business/companies/article/3038935/climate-change-can-hong-kong-businesses-cope-direct-hit-super?utm_source=rss_feed https://www.scmp.com/business/companies/article/3038935/climate-change-can-hong-kong-businesses-cope-direct-hit-super?utm_source=rss_feed Sat, 23 Nov 2019 00:00:20 +0000 Shares of CK Life Sciences International Holdings, the health care and agriculture produce unit of tycoon Victor Li Tzar-kuoi’s conglomerate CK Hutchison, more than doubled after it announced that its drug for treating early-stage skin cancer has yielded favourable interim clinical trial results. The drug, being developed by CK Life’s California-based subsidiary Polynoma, could potentially be the first vaccine-based immunotherapy for stage-two sufferers of melanoma - the most severe and deadly... https://www.scmp.com/business/companies/article/3036604/shares-victor-lis-ck-life-more-double-multi-year-high-after?utm_source=rss_feed https://www.scmp.com/business/companies/article/3036604/shares-victor-lis-ck-life-more-double-multi-year-high-after?utm_source=rss_feed Wed, 06 Nov 2019 10:36:28 +0000 Property and financial companies have topped the list of donors among Hong Kong-listed firms for a second straight year, according to a study by Sodata Analytics Foundation Association. Property firms, led by mainland China-based developers, donated around HK$8.1 billion (US$1.03 billion) in 2018 and 2017 respectively, followed by financial firms’ HK$3.6 billion in each of the past two years, based on disclosures in their annual reports. The average donation of the 220-odd real estate firms was... https://www.scmp.com/business/companies/article/3031746/when-it-comes-donations-hong-kong-listed-property-firms-top-list?utm_source=rss_feed https://www.scmp.com/business/companies/article/3031746/when-it-comes-donations-hong-kong-listed-property-firms-top-list?utm_source=rss_feed Mon, 07 Oct 2019 02:00:15 +0000 The protests in Hong Kong against the extradition bill have evolved into an unstoppable anti-government movement. There is no sign that any of the stakeholders – China, Chief Executive Carrie Lam Cheng Yuet-ngor or the protesters – will back down. Hong Kong is again at a crossroads. Since politics and economics are codependent, when there is political turmoil, we can expect capital to be relocated.  Over the past 50 years, as Hongkongers worked hard to transform their home into an international... https://www.scmp.com/comment/opinion/article/3028079/mired-protests-hong-kong-should-brace-itself-takeover-mainland?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3028079/mired-protests-hong-kong-should-brace-itself-takeover-mainland?utm_source=rss_feed Fri, 20 Sep 2019 01:00:08 +0000 A group of Chinese scholars will publish a report in November identifying companies on the Fortune Global 500 list that they say do not properly label Hong Kong, Taiwan and Macau as territories of the People’s Republic of China. Among the firms to be named and shamed is CK Hutchison Holdings – once run by the now retired Hong Kong tycoon Li Ka-shing – which according to Zhi Zhenfeng, a researcher with the Chinese Academy of Social Sciences and lead author of the study, is guilty of... https://www.scmp.com/news/china/politics/article/3026969/chinese-report-names-and-shames-fortune-500-firms-mislabelling?utm_source=rss_feed https://www.scmp.com/news/china/politics/article/3026969/chinese-report-names-and-shames-fortune-500-firms-mislabelling?utm_source=rss_feed Thu, 12 Sep 2019 12:37:17 +0000 Hutchison Port Holdings Trust will be removed from Singapore’s Straits Times Index after a dramatic fall in its market value amid rising global trade tensions, the index provider said in a statement. The move marks the end of an era for the Li Ka-shing backed container port trust in Hong Kong, whose initial public offering in 2011 was among the biggest that year. The market capitalisation has dropped 84 per cent since the IPO to around US$1.4 billion, the lowest among the 30 constituents of the... https://www.scmp.com/business/banking-finance/article/3026031/singapores-straits-times-index-kicks-out-li-ka-shings-port?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3026031/singapores-straits-times-index-kicks-out-li-ka-shings-port?utm_source=rss_feed Fri, 06 Sep 2019 08:14:32 +0000 Li Ka-shing, the Hong Kong tycoon known affectionately as “Superman” for his deal making prowess, was the biggest patron of investment banks and takeover consultants, with his flagship companies paying as much as US$126.9 million in fees in the past five years, according to a report by data provider Dealogic. The two listed flagships, CK Hutchison and sister company CK Asset Holdings, chaired by Victor Li Tzar-kuoi who took up the roles after his father retired in May last year, together with... https://www.scmp.com/business/money/markets-investing/article/3009378/deal-maker-li-ka-shing-and-son-victor-push-ck?utm_source=rss_feed https://www.scmp.com/business/money/markets-investing/article/3009378/deal-maker-li-ka-shing-and-son-victor-push-ck?utm_source=rss_feed Thu, 09 May 2019 01:30:08 +0000 A planned US$7.7 billion merger of Vodafone Group Plc’s struggling Australian business with TPG Telecom was blocked by the Australian competition regulator on Wednesday, but the two companies said they will file a legal action in the Federal Court in response to the decision. The Australian Competition and Consumer Commission (ACCC) confirmed Wednesday that “it has decided to oppose the proposed merger.” The decision, which had been scheduled for release Thursday, was briefly visible on the... https://www.scmp.com/business/companies/article/3009369/vodafone-australia-tpg-telecom-merger-blocked-regulator?utm_source=rss_feed https://www.scmp.com/business/companies/article/3009369/vodafone-australia-tpg-telecom-merger-blocked-regulator?utm_source=rss_feed Wed, 08 May 2019 09:04:57 +0000 The explosive growth of China’s container ports has turned one of the most important vendors in shipping into a best-in-class industry leader, whose cranes can now be found in 300 wharves in 100 countries, with 70 per cent of the global market share. Shanghai Zhenhua Heavy Industries, a unit of China’s state-run construction behemoth China Communications Construction Company, makes quay cranes, gantry cranes, loaders and stackers used for loading and unloading shipping containers. It also... https://www.scmp.com/business/companies/article/3005950/chinas-trade-boom-and-building-frenzy-ports-help-home-grown?utm_source=rss_feed https://www.scmp.com/business/companies/article/3005950/chinas-trade-boom-and-building-frenzy-ports-help-home-grown?utm_source=rss_feed Sat, 13 Apr 2019 04:30:13 +0000 On a hazy late March afternoon, Shanghai’s deputy transport commissioner announced that China’s largest commercial hub would slash handling fees and harbour dues for the second year in a row, easing the financial burden on trading companies caught by slumping commerce because of the US-China trade war. Up to 300 million yuan worth of service feeds, loading and discharging charges and dues for Shanghai’s port and tugboats would be cut this year, adding to the 2 billion yuan (US$298 million) of... https://www.scmp.com/business/companies/article/3005945/china-has-six-worlds-10-busiest-container-ports-spurred-booming?utm_source=rss_feed https://www.scmp.com/business/companies/article/3005945/china-has-six-worlds-10-busiest-container-ports-spurred-booming?utm_source=rss_feed Sat, 13 Apr 2019 00:00:16 +0000 Victor Li Tzar-kuoi had a surprise for shareholders last month when he announced the 2018 earnings of the flagship company founded by his father: he paid the highest dividend growth among Hong Kong’s listed property developers. For CK Asset Holdings, the record payout – even if its core profit missed consensus estimate – was the culmination of a three-year restructuring that transformed one of the city’s best-known developers into one of Asia’s largest conglomerates, with operations spanning... https://www.scmp.com/business/companies/article/3004362/ck-asset-no-longer-pure-property-company-year-after-victor-li?utm_source=rss_feed https://www.scmp.com/business/companies/article/3004362/ck-asset-no-longer-pure-property-company-year-after-victor-li?utm_source=rss_feed Wed, 03 Apr 2019 00:00:15 +0000 CK Hutchison Holdings and CK Asset Holdings, the listed flagships of tycoon Li Ka-shing, reported higher profit in the first set of annual results since his eldest son Victor Li Tzar-kuoi took over as chairman in May last year. CK Hutchison, the conglomerate with businesses spanning container ports, retail, telecommunications, and power plants, said net profit increased 11 per cent to HK$39 billion (US$4.97 billion) for the year ending December 31, beating the HK$38.4 billion average forecast of... https://www.scmp.com/business/article/3002692/ck-hutchison-and-ck-asset-post-upbeat-profit-results-during-victor-lis?utm_source=rss_feed https://www.scmp.com/business/article/3002692/ck-hutchison-and-ck-asset-post-upbeat-profit-results-during-victor-lis?utm_source=rss_feed Thu, 21 Mar 2019 09:35:41 +0000 Hong Kong conglomerate Cheung Kong Infrastructure Holdings (CKI) posted a below expectation 1.8 per cent increase in profit on Wednesday, with chairman Victor Li Tzar-kuoi reporting the company’s first set of annual results after taking over from his father, Li Ka-shing, in May 2018. Net profit for last year amounted to HK$10.44 billion (US$1.34 billion), an increase of 1.8 per cent over 2017, but 7 per cent less than the average of HK$11.23 billion estimated by 10 analysts polled by Bloomberg.... https://www.scmp.com/business/article/3002547/victor-li-reports-weaker-expected-profit-first-annual-result-taking-over?utm_source=rss_feed https://www.scmp.com/business/article/3002547/victor-li-reports-weaker-expected-profit-first-annual-result-taking-over?utm_source=rss_feed Wed, 20 Mar 2019 12:30:10 +0000 After 35 years in the shadow of his illustrious father Li Ka-shing, Hong Kong’s richest man and fondly called “Superman” for his extraordinary entrepreneurial achievement, Victor Li Tzar-kuoi is finally coming into his own. Victor, who took over as chairman of CK Asset Holdings and CK Hutchison from his father last May, is turning the focus of Hong Kong’s second largest developer by market capitalisation back to the city’s property market after the elder Li indicated in 2016 that the group would... https://www.scmp.com/business/companies/article/2183570/victor-li-next-superman-and-can-he-outdo-his-father-li-ka-shing?utm_source=rss_feed https://www.scmp.com/business/companies/article/2183570/victor-li-next-superman-and-can-he-outdo-his-father-li-ka-shing?utm_source=rss_feed Sat, 26 Jan 2019 04:00:30 +0000 Cheung Kong Infrastructure Holdings faces an uphill battle in its drive to sell stakes in some European infrastructure assets through a spin-off to be listed in London, according to analysts. CKI announced its intention in a filing on Tuesday, saying it is considering a proposal to sell minority stakes in its large portfolio of European assets to a new investment company that would be listed on the London Stock Exchange. “The new investment company is intended to provide investors in the London... https://www.scmp.com/business/article/2174328/cheung-kong-infrastructure-faces-tough-sell-plan-spin-some-assets-london?utm_source=rss_feed https://www.scmp.com/business/article/2174328/cheung-kong-infrastructure-faces-tough-sell-plan-spin-some-assets-london?utm_source=rss_feed Wed, 21 Nov 2018 09:15:30 +0000 Hong Kong conglomerate Cheung Kong Hutchison reported a 13 per cent rise in first-half profit, handing tycoon Victor Li Tzar-kuoi a solid start to his tenure as chairman after he officially took over from his famous father Li Ka-shing. Net profit at the company, the flagship of the business empire and which has operations spanning infrastructure, telecommunications, retailing, ports and energy worldwide, was HK$18.02 billion (US$2.32 billion) for the first six months of the year, up from... https://www.scmp.com/business/companies/article/2158026/hong-kongs-ck-hutchison-sees-first-half-profit-rise-solid-start?utm_source=rss_feed https://www.scmp.com/business/companies/article/2158026/hong-kongs-ck-hutchison-sees-first-half-profit-rise-solid-start?utm_source=rss_feed Thu, 02 Aug 2018 10:24:49 +0000 World prices of cobalt, lithium and nickel are booming as China’s insatiable need for the battery packs used in electric vehicles drove up demand, recreating the economic bonanza that fuelled commodity-exporting countries a decade ago. The price of lithium, a soft silvery white metal usually mined from brines, has soared by more than 300 per cent in the past two years. The price of cobalt, mostly mined as a by-product of nickel and copper, surged 129 per cent last year while nickel surged 4.6... https://www.scmp.com/business/companies/article/2153154/cobalt-lithium-and-nickel-are-booming-due-chinas-insatiable?utm_source=rss_feed https://www.scmp.com/business/companies/article/2153154/cobalt-lithium-and-nickel-are-booming-due-chinas-insatiable?utm_source=rss_feed Sat, 30 Jun 2018 06:33:08 +0000 3 Hong Kong, the mobile telecom arm of Hutchison Telecommunications Hong Kong, said on Monday it plans to deploy a fully cloud-based core network by the first quarter of 2019, as it tries to steal a march on debuting 5G mobile services in the city. Although an international agreement on frequency bands and universal standards for 5G will not be reached until late next year, Hutchison Telecom chief executive Cliff Woo Chiu-man said 3 Hong Kong has been working with Huawei since 2016 to move its... https://www.scmp.com/business/article/2152399/mobile-operator-3-hong-kong-plans-deploy-cloud-based-network-early-2019?utm_source=rss_feed https://www.scmp.com/business/article/2152399/mobile-operator-3-hong-kong-plans-deploy-cloud-based-network-early-2019?utm_source=rss_feed Mon, 25 Jun 2018 11:37:37 +0000 Victor Li Tzar-kuoi has embarked on his second major project in the space of a week, after recently taking over the reins of Hong Kong conglomerate CK Hutchison from his famous billionaire father Li Ka-shing, with an A$13 billion (US$9.9 billion) offer for Australian gas pipelines company APA Group. The proposal, made jointly by CK Asset Holdings, CK Infrastructure Holdings and Power Assets Holdings, is to buy the whole of APA, according to a filing to the Hong Kong stock exchange. The price is... https://www.scmp.com/business/money/stock-talk/article/2150505/new-hutchison-boss-victor-li-makes-another-bold-move-us10?utm_source=rss_feed https://www.scmp.com/business/money/stock-talk/article/2150505/new-hutchison-boss-victor-li-makes-another-bold-move-us10?utm_source=rss_feed Wed, 13 Jun 2018 02:39:41 +0000 Victor Li Tzar-kuoi has embarked on his first major project since taking over the reins of Hong Kong conglomerate CK Hutchison from his billionaire father Li Ka-shing with the planned redevelopment of the 44-year-old Hutchison House office tower in the city’s Central district. Three people familiar with the plan said that CK Asset Holdings, the conglomerate’s property arm, had given tenants six-months’ notice to vacate the 22-storey building under a sale and redevelopment clause in their rental... https://www.scmp.com/property/hong-kong-china/article/2149663/hong-kong-property-giant-ck-asset-redevelop-centrals?utm_source=rss_feed https://www.scmp.com/property/hong-kong-china/article/2149663/hong-kong-property-giant-ck-asset-redevelop-centrals?utm_source=rss_feed Thu, 07 Jun 2018 06:45:00 +0000 Victor Li Tzar-kuoi, the new chairman of CK Hutchison Holdings and CK Asset Holdings, who recently took over from his father and Hong Kong’s richest man Li Ka-shing, on Thursday urged the government to boost house and land supplies as a long-term strategy even as property prices continued to rise for the 25th straight month in the city. CK Asset Holdings is one of the largest listed developers in Hong Kong. “Houses are for living besides investment,” said Li at the opening of A S Watson Group’s... https://www.scmp.com/business/companies/article/2148707/victor-li-urges-government-boost-land-flat-supplies-property?utm_source=rss_feed https://www.scmp.com/business/companies/article/2148707/victor-li-urges-government-boost-land-flat-supplies-property?utm_source=rss_feed Thu, 31 May 2018 12:25:04 +0000 Shares in Hong Kong tycoon Li Ka-shing’s two listed flagship companies fell on Monday after the city’s richest man announced his retirement from his position as chairman, but analysts saw the overall reaction as muted as they expected continuity in leadership. Conglomerate CK Hutchison Holdings fell 1.87 per cent, or HK$1.85, to HK$97.05 while property developer CK Asset Holdings, closed down 0.57 per cent at HK$69.60, after falling as much as 3.5 per cent in morning trade. Shares of the group’s... https://www.scmp.com/business/companies/article/2137898/shares-tycoon-li-ka-shings-companies-slip-hong-kongs-superman?utm_source=rss_feed https://www.scmp.com/business/companies/article/2137898/shares-tycoon-li-ka-shings-companies-slip-hong-kongs-superman?utm_source=rss_feed Mon, 19 Mar 2018 11:07:12 +0000 It’s not easy being the son of a superhuman action hero. Victor Li, 53, heir to Hong Kong’s biggest family fortune, has spent his career in the shadow of his father and billionaire property tycoon Li Ka-shing, known as “Superman” for his deal-making savvy. Billionaire tycoon Li Ka-shing retires, hands control of empire to son Victor On Friday, the elder Li, 89, announced his retirement as chairman of CK Hutchison Holdings and CK Asset Holdings – his two biggest companies – in a move that shifts... https://www.scmp.com/business/investor-relations/stock-quote-profile/article/2137578/victor-li-finally-emerges-shadow-his?utm_source=rss_feed https://www.scmp.com/business/investor-relations/stock-quote-profile/article/2137578/victor-li-finally-emerges-shadow-his?utm_source=rss_feed Fri, 16 Mar 2018 13:17:34 +0000 Li Ka-shing, whose life journey from humble beginnings to Asia’s biggest business fortunes became the epitome of entrepreneurship that inspired generations of Hongkongers, has announced his retirement after almost seven decades at the pinnacle of one of the world’s largest corporate conglomerates. “I have decided to step down as chairman of the company and retire from the position of executive director at the forthcoming annual general meeting of the company,” Li said in filings for CK Hutchison... https://www.scmp.com/business/companies/article/2137523/li-ka-shing-calls-it-day-hands-over-reins-son?utm_source=rss_feed https://www.scmp.com/business/companies/article/2137523/li-ka-shing-calls-it-day-hands-over-reins-son?utm_source=rss_feed Fri, 16 Mar 2018 08:45:00 +0000 This had been a live blog of the press conference by Li Ka-shing, founder and chairman of one of Asia’s largest business conglomerates. Li was speaking at his annual press conference in Hong Kong. https://www.scmp.com/business/companies/article/2137519/it-happens-li-ka-shings-2018-press-conference-hong-kong?utm_source=rss_feed https://www.scmp.com/business/companies/article/2137519/it-happens-li-ka-shings-2018-press-conference-hong-kong?utm_source=rss_feed Fri, 16 Mar 2018 08:30:45 +0000